Downtown Tampa Port Tampa Bay Selmon Expressway e h Av YBOR CITY E 7t Investment Opportunity N 17th Street TAMPA, FLORIDA PROPERTY e Av th E 8 Ang el Oliva Senior Street th Ave 9 E INVESTMENT SUMMARY Jason Donald Patrick Berman Todd Tolbert Steve Aiken Managing Director Managing Director Senior Associate Senior Financial Analyst +1 813 204 5329 +1 813 204 5363 +1 813 204 5350 +1 813 204 5333 [email protected] [email protected] [email protected] [email protected] Cushman & Wakefield of Florida, LLC One Tampa City Center ©2018 Cushman & Wakefield The depiction in the included photograph of any person, entity, sign, logo or property, other than Cushman & Wakefield’s client and the property offered by Cushman & Wakefield, is incidental only, and is not intended to connote any affiliation, connection, association, sponsorship or approval by or between that which is incidentally depicted and Cushman & Wakefield or its client. This listing shall not be deemed an offer to lease, sublease or sell such property; and, in the event of any transaction for such property, Suite 3300 no commission shall be earned by or payable to any cooperating broker except if otherwise provided pursuant to the express terms, rates and conditions of Cushman & Wakefield’s agreement with its principal, if, as and when such commission (if any) is actually received from such principal. (A copy of the rates and conditions referred to above with respect to this property is available upon request.) Tampa, Florida 33602 INVESTMENT SUMMARY Cushman & Wakefield’s Retail Investment Advisors are pleased to offer for sale 1701-1715 E. 9th Ave., Tampa, Florida (“the Property”), 21,283 square feet INVESTMENT HIGHLIGHTS of office/retail space with ample parking located in the heart of the Historic Ybor City District. The Property is 100% occupied by three tenants: DaVita • Rare investment opportunity in the Historic Ybor City District Dialysis (1701), EWI Construction (1715) and Element Engineering Group (1713) • One hundred percent (100%) leased to three (3) tenants: DaVita and features 65 surface parking spaces. This offering represents a unique Dialysis (National), EWI Construction (Local) and Element opportunity to acquire one-half of a city block, with leases and parking revenue Engineering Group (Local) in place, located on one of Ybor City’s primary corridors. • Pending 15 year Absolute NNN lease extension with DaVita • Across the street from Centro Ybor: a 230,000 +/- sf mixed use development anchored by AMC Theaters and Ashley Furniture PROPERTY SUMMARY • Within steps of the TECO Line Streetcar; a trolley system with 11 Address 1701 – 1715 E. 9th Avenue, Tampa, FL 33605 stops servicing Ybor City, Channelside District and Downtown Tampa Site Area 0.80 +/- Acre • With $2.7M of new funding, TECO Line Streetcar is converting to Parking 65 Spaces free fares, increasing pickup frequency to every 15 minutes and Year Built 1950 (1701) and 2000 (1713-1715) extending hours on nights and weekends GLA 21,283 +/-SF • Convenient access to Interstate 275, Interstate 4 and the Selmon Expressway DaVita Dialysis (7,840 sf), EWI Construction (7,225 sf) and Tenants Element Engineering Group (6,218 sf) Occupancy 100% OFFERING SUMMARY Price Call for pricing Year 1 NOI (09-20) $466,680 CLICK HERE Year 1 Rent PSF (09-20): $18.82 FOR DRONE Year 1 Parking Revenue (09-20) : $66,069 VIDEO Lease Structures Net YBOR CITY INVESTMENT OPPORTUNITY | 2 INVESTMENT SUMMARY Port Tampa Bay Do wntown Tampa Selmon Ex pres sway AERIAL VIEW E 7th Ave N 17th Str eet E 8th Ave PROPERTY Ang el Oliva Senior Street th Ave E 9 YBOR CITY INVESTMENT OPPORTUNITY | 3 INVESTMENT SUMMARY SITE PLAN E. 9th Avenue 1713 - 1715 1701 EWI Construction DaVita Dialysis (7,225 SF) Element Engineering Group 7,840 SF eet (6,218 SF) eet a Senior Str 17th Str Angel Oliv NOT INCLUDED 8th Avenue YBOR CITY INVESTMENT OPPORTUNITY | 4 INVESTMENT SUMMARY TENANT OVERVIEW DaVita, Inc. (NYSE: DVA) is a Fortune 500® health care provider and leading provider Since 2007, EWI Construction (EWI) has been an industry leading of kidney care in the U,S, DaVita is focused on transforming care delivery to improve general contractor with services including pre-construction and quality of life for patients around the globe. The company is the largest provider construction. EWI’s business model is built on creative problem solving, of kidney care services in the U.S. and has been a leader in clinical quality and accountability, relationship-building and establishing customer trust. innovation for 20 years. Through DaVita Kidney Care, the company treats patients EWI combines big construction company processes with family culture. with chronic kidney failure and end stage renal disease. DaVita is committed to A problem-solving culture aimed at overcoming the most demanding, bold, patient-centric care models, implementing the latest technologies and moving seemingly impossible construction challenges. Notable EWI projects toward integrated care offerings for all. include: Sparkman Wharf (current), Oxford Exchange, Tampa Bay Buccaneers indoor practice facility, University of Tampa’s fitness center As of March 31, 2019, DaVita served 203,000 patients at 2,664 outpatient dialysis and a 4-story boutique hotel in Ybor City (current). EWI was a 2016 centers in the United States. The company also operated 241 outpatient dialysis finalist for Tampa Bay Business Journal’s Coolest Office Spaces. centers in nine countries across the world. DaVita has reduced hospitalizations, HEADQUARTERS: 1715 E. 9th Ave., Tampa, FL 33605 improved mortality, and worked collaboratively to propel the kidney care industry www.ewiconstruction.com to adopt an equitable and high-quality standard of care for all patients, everywhere. CREDIT RATING: S&P: BB, Moody’s: Ba2 HEADQUARTERS: 2000 16th St. Denver, CO 80202 www.davita.com 12 Consecutive Years on Element Engineering Group, LLC (ELEMENT) has served the engineering Fortuner Magazine’s needs of public and private sector clients since 2006 in the areas Most Admired of transportation engineering, structures, utilities, civil, and survey. Companies List ELEMENT’S efforts focus on providing quality services while maintaining high ethical standards with regard for the public, community, and the environment. ELEMENT’S significant repeat business rate—90 percent— reflects our commitment to strictly adhering to these principles on every project for each of our clients. We offer the same level of commitment to technical excellence on all projects—large or small. HEADQUARTERS: 1713 E. 9th Ave., Tampa, FL 33605 www.elementeg.com YBOR CITY INVESTMENT OPPORTUNITY | 5 INVESTMENT SUMMARY YBOR CITY INVESTMENT OPPORTUNITY | 6 INVESTMENT SUMMARY Ybor City remained the Cigar Capitol of the World until the 1930s YBOR CITY In 2008, 7th Avenue, was recognized as one of the “10 Great Streets in America” by the American Planning Association YBOR CITY INVESTMENT OPPORTUNITY | 8 INVESTMENT SUMMARY YBOR CITY OVERVIEW Ybor City is Tampa’s National Historic Landmark District. Evoking the history of Ybor City, the classic brick streets and historic facades blend into a distinct sense of culture that enlivens the environment while preserving a rich history of diversity, community and industry. Today, there are a wide range of people and businesses that choose to call Ybor City home. The Generation X population, born between 1965 and 1981, is the dominant age group living and working in Ybor. Millennials are the next most populous generation, with Baby Boomers and the Silent Generation making up the rest. Most of the residents and workers are female and outweigh the number of men working in Ybor by 20%. With the implementation of new fiber communication networks throughout the district, along with community Wi-Fi spots, Ybor City has been able to attract more than 30 technology firms; specializing in everything from military research and development, to large worldwide e-commerce, to small business software development companies. WORKER & RESIDENT DEMOGRAPHICS Ybor City is full of old-world charm and has a vibrant pulse Workers Residents that transcends generations in the comfort of a relaxed, GEN X 49% 48% yet energetic community. Ybor offers various restaurants MILLENIALS 31% 38% and shops within walking distance for residents and BABY BOOMERS AND 20% 14% workers. Several restaurants honor the cultural roots of SILENT GENERATION Ybor featuring Italian, Spanish and Cuban cuisine, most MARRIED 30% 50% notably the Columbia Restaurant, founed in 1905. HAVE CHILDREN 11% 33% “We found everything we were looking for here: a rich supply of local e-commerce professionals, the perfect building to house our U.S. e-commerce headquarters as well as other retail operations, and the opportunity to contribute to the revitalization of Ybor City.” - Todd Wanek, president and CEO of Ashley Furniture Industries Source: http://www.yborcityonline.com/ YBOR CITY INVESTMENT OPPORTUNITY | 9 Source: Ybor City Development Corporation INVESTMENT SUMMARY Local Ybor City Attractions • The Ritz Ybor performance venue Amelia Ave 15th Ave n t r a l A v e 14th Ave • Ybor City Museum O l a A v e Frances Ave 4 13th Ave • Centennial Park Park Ave N C e Garcia Ave 12th Ave Boulevard • The Historic Columbia Restaurant H.C.C 11th Ave Highland Ave Highland YborY CampusCamp Palm Ave Palm Ave Palm Ave • Cigar Industry Historic Tours CentroCCeentntrroo 9th9 Ave 9th Ave Ybor YbYYborboorr SITE Square Teco Streetcar • Tampa Bay Brewing Company 8th Ave 275 7th Ave 6th Ave